It's a down year for the Euro.
EUR/USD Forecast June 24-28
EUR/USD advanced to new highs only to crash on the prospects of QE tapering in the US. Is it set to lose 1.30, or can we expect it to stabilize? German Ifo Business Climate, and German employment data are the highlights of this week. Here is an outlook for the events that will move the euro and an updated technical analysis for EUR/USD. Ben Bernanke laid out a path for tapering the Fed’s bond buys, and this sent the euro from the highs of 1.34 to below 1.32. While the euro showed relative resilience, the flock into US dollars took its toll. ECB President Mario Draghi announced in a speech that he is willing to use ... (full story)